Investment announcements continue after Farnborough Air Fest 2018. Canadian planemaker Bombardier announced it plans to open a new manufacturing facility either in China or in Mexico. The two candidate cities in Mexico for this plant are Queretaro and Chihuahua.
The average growth rate of Mexican aerospace exports between 2007 and 2017 is 11.2 percent, according to the Mexican government, putting the country well on its way to becoming one of the most advanced aerospace hubs in Latin America.
Mexican carriers and airport groups continue to increase their passenger traffics and operational revenue every quarter but the industry suffered a deceleration in 1H18. Meanwhile, delays in the production of Airbus A330s have put Volaris in hot water as the airline expected the delivery of five aircraft in 2018. The airline also pointed out that it had to increase its tariffs slightly to preserve its market volumes in the face of rising oil prices.
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Mexico’s Aviation Thrust
Mexico’s commercial aviation market decelerated in 1H18 after four years of double-digit growth. The Mexican and foreign airlines operating in Mexico transported 47.8 million passengers, which meant a slightly lower 7.9 percent growth.
Volaris faces the challenge of delays in the production of A320neos related with Pratt & Whitney power plants. The airline reported an increase in tariffs to preserve its market volumes due to rising fuel prices.
Increased passenger traffic boosted GAP’s EBITDA. In 1H18, the airport group’s operational income grew 8.5 percent.
NAIM Public Inquiries
According to Mexico’s President-Elect, the NAIM project will be subjected to a public consultation process. as
Air France–KLM supports the construction of the new airport. The carrier’s former director Vincent Etchebehere, stated that Mexico’s tourism potential is surprising but hindered by saturation problems of AICM.
Solid Aviation Growth
Airbus shares hit record after the European OEM reported higher-than-expected 2Q18 results and reaffirmed its annual goals.
Rolls-Royce secures Trent 7000 certification from EASA. These engines will power all A330s.
Mexico’s aerospace exports grew at an average annual rate of 11.2 percent between 2007 and 2017.
Bombardier considers opening a new manufacturing facility either in Mexico or in China. The Canadian planemaker considers Chihuahua and Queretaro as two potential destinations in Mexico.
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